Barclays plans autocallable yield notes tied to S&P GSCI Agriculture, S&P GSCI Energy indexes

By Marisa Wong

Madison, Wis., May 10 - Barclays Bank plc plans to price autocallable yield notes due Nov. 21, 2011 linked to the lesser return of the S&P GSCI Agriculture Index Excess Return and the S&P GSCI Energy Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is expected to be 8% to 9% per year and will be set at pricing. Interest will be payable monthly.

The notes will be called at par if each index closes at or above its initial level on July 19 or Sept. 19.

If the notes are not called, the payout at maturity will be par unless either index closes below 76% of its initial level during the life of the notes and the return of the lesser performing index is negative, in which case the payout will be par plus the return of the lesser-performing index.

The notes (Cusip: 06738KJR3) are expected to price May 16 and settle May 19.

Barclays Capital Inc. is the agent.

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